3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY2 0EL, £140,000

38 Ingthorpe Avenue, Blackpool, FY2 0EL - 6 views - 4 months ago

Under Offer

Refurb/BRRR

ROI: 4%

93 m²

+2 photos

ValuationFair Value

Sold Prices	£92K - £210K
Sold Prices/m²	£1.1K/m² - £2.4K/m²

Square Metres	93 m²
Price/m²	£1.5K/m²
Value Estimate	£142,800£142,800

End Value (After Refurb)	£160,500£160,500
Uplift in Value	+15%+15%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£5,400£5,400
Refurb Costs	£38,000£38,000
Bridging Loan Interest	£3,675£3,675
Total Cash In	£83,825£83,825

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£160,500£160,500
Mortgage (After Refinance)	£120,375£120,375
Mortgage LTV	75%75%
Cash Released	£15,375£15,375
Cash Left In	£68,450£68,450
Equity	£40,125£40,125
Rent Range	£800 - £1,250£800 - £1,250
Rent Estimate	£961
Running Costs/mo	£714£714
Cashflow/mo	£247£247
Cashflow/yr	£2,967£2,967
ROI	4%4%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £92K to £210K, average is £128.5K. £1.1K/m² to £2.4K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£120K	08/21	0.03 mi	5, Lentworth Avenue, Blackpool FY2 0EW	-	-	3	Terraced House
£115K	02/21	0.03 mi	8, Lentworth Avenue, Blackpool FY2 0EW	£1,237	93	3	Terraced House
£160K	07/23	0.04 mi	27, Ingthorpe Avenue, Bispham, Blackpool FY2 0EL	-	-	3	Semi-Detached House
£135K	11/20	0.04 mi	49, Ingthorpe Avenue, Blackpool FY2 0EL	£1,500	90	3	Semi-Detached House
£156.5K	01/23	0.06 mi	6, Crofton Avenue, Bispham, Blackpool FY2 0BB	£2,392	65	3	Terraced House
£150K	04/23	0.07 mi	18, Crofton Avenue, Bispham, Blackpool FY2 0BB	£2,419	62	3	Terraced House
£119K	12/22	0.08 mi	10, Carcroft Avenue, Bispham, Blackpool FY2 0EP	£2,088	57	3	Semi-Detached House
£123K	12/22	0.08 mi	3, Carcroft Avenue, Bispham, Blackpool FY2 0EP	-	-	3	Terraced House
£127K	01/21	0.08 mi	23, Carcroft Avenue, Blackpool FY2 0EP	£1,608	79	3	Semi-Detached House
£125K	04/23	0.08 mi	14, Carcroft Avenue, Bispham, Blackpool FY2 0EP	£1,984	63	3	Semi-Detached House
£137K	01/21	0.09 mi	99, Ashfield Road, Bispham, Blackpool FY2 0EN	-	-	3	Semi-Detached House
£180K	03/23	0.09 mi	124, Ashfield Road, Bispham, Blackpool FY2 0EN	-	-	3	Detached House
£120K	09/21	0.1 mi	37, Bangor Avenue, Bispham, Blackpool FY2 0HY	-	-	3	Semi-Detached House
£92K	02/21	0.1 mi	43, Bangor Avenue, Blackpool FY2 0HY	£1,460	63	3	Semi-Detached House
£134K	09/21	0.13 mi	15, Ainsdale Avenue, Blackpool FY2 0ET	£2,271	59	3	Semi-Detached House
£122.5K	04/21	0.13 mi	19, Ainsdale Avenue, Blackpool FY2 0ET	£1,926	64	3	Semi-Detached House
£105K	11/20	0.13 mi	14, Ainsdale Avenue, Blackpool FY2 0ET	£1,591	66	3	Semi-Detached House
£122.5K	02/23	0.13 mi	6, Ainsdale Avenue, Bispham, Blackpool FY2 0ET	£1,863	66	3	Terraced House
£140K	06/23	0.15 mi	33, Denstone Avenue, Bispham, Blackpool FY2 0JA	£2,029	69	3	Semi-Detached House
£117.5K	10/20	0.15 mi	46, Denstone Avenue, Blackpool FY2 0JA	£2,176	54	3	Terraced House
£118K	06/21	0.15 mi	19, Denstone Avenue, Blackpool FY2 0JA	£1,135	104	3	Semi-Detached House
£135K	04/23	0.15 mi	30, Denstone Avenue, Bispham, Blackpool FY2 0JA	-	-	3	Semi-Detached House
£170K	07/23	0.17 mi	7, Stainforth Avenue, Bispham, Blackpool FY2 0ER	£1,828	93	3	Semi-Detached House
£108K	02/23	0.17 mi	33, Stainforth Avenue, Bispham, Blackpool FY2 0ER	£1,714	63	3	Terraced House
£131K	11/20	0.17 mi	90, Rossington Avenue, Blackpool FY2 0DP	£1,638	80	3	Semi-Detached House
£110K	01/21	0.18 mi	6, Fernleigh Close, Blackpool FY2 0HS	£1,618	68	3	Terraced House
£152K	11/21	0.18 mi	11, Rossington Avenue, Blackpool FY2 0DN	£1,810	84	3	Semi-Detached House
£135K	07/23	0.18 mi	17, Rossington Avenue, Bispham, Blackpool FY2 0DN	-	-	3	Semi-Detached House
£146K	09/21	0.18 mi	2, Fernleigh Close, Blackpool FY2 0HS	£2,147	68	3	Semi-Detached House
£135K	10/22	0.18 mi	19, Fernleigh Close, Bispham, Blackpool FY2 0HS	-	-	3	Terraced House
£93K	02/21	0.18 mi	32, Briarwood Drive, Blackpool FY2 0EB	£1,431	65	3	Terraced House
£115K	02/21	0.18 mi	30, Briarwood Drive, Blackpool FY2 0EB	£1,825	63	3	Terraced House
£137K	05/23	0.18 mi	32, Briarwood Drive, Blackpool FY2 0EB	£2,108	65	3	Terraced House
£129.9K	09/21	0.18 mi	58, Blackpool Road, Blackpool FY2 0HT	-	-	3	Semi-Detached House
£210K	09/22	0.18 mi	21, Rossington Avenue, Bispham, Blackpool FY2 0DN	£1,858	113	3	Detached House
£132.5K	09/21	0.19 mi	67, Briarwood Drive, Blackpool FY2 0DS	£1,920	69	3	Semi-Detached House
£121K	06/23	0.19 mi	39, Briarwood Drive, Bispham, Blackpool FY2 0DS	-	-	3	Semi-Detached House
£106.5K	11/20	0.19 mi	23, Briarwood Drive, Bispham, Blackpool FY2 0DS	£1,690	63	3	Semi-Detached House
£113K	12/22	0.19 mi	42, Buxton Avenue, Bispham, Blackpool FY2 0JD	-	-	3	Terraced House
£115K	11/22	0.19 mi	14, Bangor Avenue, Bispham, Blackpool FY2 0JB	£1,554	74	3	Terraced House
£114K	04/21	0.2 mi	2, Cromer Road, Bispham, Blackpool FY2 0ED	-	-	3	Semi-Detached House
£133K	03/21	0.2 mi	14, Cromer Road, Blackpool FY2 0ED	£1,928	69	3	Semi-Detached House
£137.5K	12/22	0.2 mi	21, Cromer Road, Bispham, Blackpool FY2 0ED	£1,698	81	3	Semi-Detached House
£165K	09/21	0.2 mi	571, Devonshire Road, Blackpool FY2 0AJ	£1,839	90	3	Semi-Detached House
£133K	11/21	0.2 mi	4, Cromer Road, Blackpool FY2 0ED	-	-	3	Semi-Detached House
£113.5K	02/21	0.21 mi	4, Hastings Avenue, Blackpool FY2 0EU	£1,261	90	3	Semi-Detached House
£110K	11/21	0.21 mi	20, Hastings Avenue, Bispham, Blackpool FY2 0EU	£1,358	81	3	Semi-Detached House
£125.5K	08/23	0.21 mi	45, Hastings Avenue, Bispham, Blackpool FY2 0EU	-	-	3	Semi-Detached House
£135K	01/21	0.23 mi	602, Devonshire Road, Blackpool FY2 0AN	-	-	3	Semi-Detached House
£132K	04/23	0.24 mi	9, Oakmoor Avenue, Bispham, Blackpool FY2 0EE	£2,129	62	3	Semi-Detached House

Local Rents

43 rents from £800/mo to £1.3K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£895	04/25	0.04 mi	-	3	Terraced House
£1,000	04/24	0.19 mi	Devonshire Road, Bispham, Blackpool	3	House
£850	05/24	0.2 mi	Buxton Avenue, FY2	3	Terraced House
£800	04/24	0.21 mi	-	3	Semi-Detached House
£850	04/24	0.23 mi	Devonshire Road, Bispham	3	Semi-Detached House
£850	01/24	0.25 mi	-	3	Semi-Detached House
£950	02/25	0.29 mi	-	3	Semi-Detached House
£850	04/24	0.29 mi	-	3	Semi-Detached House
£1,100	05/24	0.33 mi	Rivington Avenue, Bispham, Blackpool	3	House
£1,200	03/25	0.33 mi	-	3	Semi-Detached House
£950	05/24	0.33 mi	Beechwood Grove, FY2	3	Semi-Detached House
£950	04/24	0.34 mi	-	3	Semi-Detached House
£1,000	05/24	0.34 mi	-	3	Semi-Detached House
£1,000	05/24	0.34 mi	-	3	Semi-Detached House
£1,000	12/24	0.34 mi	-	3	Semi-Detached House
£850	12/23	0.34 mi	-	3	Semi-Detached House
£995	04/24	0.39 mi	-	3	Terraced House
£895	04/24	0.39 mi	-	3	Terraced House
£995	04/24	0.39 mi	-	3	Terraced House
£995	04/24	0.39 mi	-	3	Terraced House
£995	05/24	0.39 mi	-	3	Terraced House
£895	05/24	0.43 mi	-	3	Semi-Detached House
£895	05/24	0.43 mi	-	3	Semi-Detached House
£895	05/24	0.43 mi	-	3	Semi-Detached House
£850	05/24	0.46 mi	Sandhurst Avenue, Bispham, FY2 9EB	3	House
£950	04/24	0.47 mi	Galway Avenue, Blackpool, Lancashire, FY2	3	Semi-Detached House
£925	05/24	0.47 mi	Inver Road, Blackpool, Lancashire	3	House
£925	04/24	0.48 mi	Inver Road, Blackpool, FY2 0LW	3	Detached House
£875	04/24	0.48 mi	Inver Road, Blackpool, FY2 0LW	3	Semi-Detached House
£875	05/24	0.48 mi	Inver Road, Blackpool, FY2 0LW	3	Semi-Detached House
£825	04/24	0.5 mi	Kilmory Place, Bispham, Blackpool, FY2	3	Terraced House
£875	12/23	0.51 mi	-	3	Semi-Detached House
£900	12/23	0.51 mi	-	3	Semi-Detached House
£975	03/25	0.51 mi	-	3	Semi-Detached House
£895	05/24	0.55 mi	Cavendish Road, FY2	3	Semi-Detached House
£1,200	04/24	0.55 mi	-	3	Semi-Detached House
£1,250	04/24	0.56 mi	Montpelier Avenue, Blackpool, FY2	3	Semi-Detached House
£1,150	05/24	0.56 mi	Montpelier Avenue, Blackpool, FY2	3	Semi-Detached House
£1,150	05/24	0.56 mi	Montpelier Avenue, Blackpool, FY2	3	Semi-Detached House
£1,250	06/24	0.56 mi	-	3	Semi-Detached House
£1,150	06/24	0.56 mi	-	3	Semi-Detached House
£1,250	03/25	0.56 mi	-	3	Semi-Detached House
£800	05/24	0.58 mi	Limerick Road,Blackpool,FY2	3	Semi-Detached House

Local Area Statistics

Population in FY2	24,58924,589
Population in Blackpool	133,713133,713
Town centre distance	2.68 miles away2.68 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.23 miles away1.23 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+50%+50%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £140,000

December 2, 2024

Sold for £115,000

2016

Sold for £127,000

2007

Floor Plans

Description

THREE bedrooms +
TWO reception rooms +
Fitted kitchen +
Shower room +
UPVC double glazing +
Gas central heating +
SOUTH rear +
Close to BISPHAM VILLAGE +

SEMI-DETACHED near BISPHAM VILLAGE

This semi-detached house would benefit from further modernisation but already offers THREE bedrooms, a lounge and dining room, fitted kitchen and shower room. There are SOUTH facing rear gardens, off street PARKING and GARAGE SPACE.
The property is located just 175 yards from BISPHAM VILLAGE with numerous local shops and amenities.